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[ANALYSIS] Banks to give out higher shareholder dividends Posted : 2021-07-03 09:49 By Anna J. Park After the U.S. Fed signaled it would loosen its control over banks dividend payouts if they pass stress tests, gauging how they will fare in worst case scenarios, five out of six major U.S. institutions are set to pay an additional $2 billion in the next quarter, along with a sizable buyback of their own shares later on in the year to return more money to investors. The U.S. lenders plan to distribute dividends about 40 percent higher than previous levels. Specifically, Morgan Stanley and Wells Fargo plan to double their quarterly dividends. Morgan Stanley said it will give out 70 cents per share, while buying back up to $12 billion of its shares next year. Wells Fargo also plans to double its dividends from 10 cents to 20 cents, while repurchasing some $18 billion worth of its shares from the third quarter.

United statesSouth koreaKim ji youngJeon bae seungMorgan stanleyKb financial groupFinancial services commissionGoldman sachsShinhan financial groupFinancial supervisory serviceHana financial groupWells fargoFinancial groupFinancial investmentShinhan financialWoori financial